$605,000 $3,248 est/mo Sourced by Back At You

7120 Germantown Ave,Philadelphia, PA 19119

Philadelphia PA, 19119

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Description

Great investment opportunity in Mt Airy. This Mixed use triplex can be a great opportunity for a savvy buyer or investor. The property next door at 7122 Germantown Ave is also being sold at $700k each building. Both ground floor commercial spaces have tenants. the other floors left unoccupied. Previous tenants were medical practitioners that used the entire building. The Condos across the street at 7111 Germantown are selling for $540,000 and up. This is a chance to create a modern living space that rival the condos without having association fees plus gaining cash flow from the other apartments. If you take the investor approach, the building is zoned Cmx2.5 you can build additional floors, and get more units. Cmx 2.5 allows a developer to build up to 55ft in height which will equal to 5 floors on each building. This property would also work well for a cafe or coffee shop owner that can take advantage of the traffic and residential support and strength of this community. Seller is open to seller financing, and will hold the note. The possibilities are endless, Bring your vision and creativity.

Details

MLS#PAPH2221310
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site413
Listing Provided ByFrink Realty, LLC | Taison DeVore

Features

ZoningCMX25
Acreage0.04

Market Activity 19119

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Listings Checked: 5 minutes ago
StatePA
CountyPhiladelphia
CityPhiladelphia
Zip Code19119
Area19119
Community NameMt Airy
School DistrictThe School District Of Philadelp
Listing VS Median (in Mt Airy)
Price:
$605,000
low | high
Med:
$242,500
100% of Average
On Site:
413
low | high
Med:
64.5
100% of Average
Sourced by Back At You
Listing Updated: May 8, 2024 at 6:02:55 PM PDT